Internet of Things (IoT) Analytics Global Market Report 2023: Asset Management & Maintenance to Bring in Huge Revenue Opportunities for Predictive & Prescriptive IoT Analytics

Dublin, May 30, 2023 (GLOBE NEWSWIRE) -- The "Internet of Things (IoT) Analytics - Global Strategic Business Report" report has been added to's offering.

Global Internet of Things (IoT) Analytics Market to Reach $166.5 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Internet of Things (IoT) Analytics estimated at US$24.8 Billion in the year 2022, is projected to reach a revised size of US$166.5 Billion by 2030, growing at a CAGR of 26.9% over the analysis period 2022-2030.

Manufacturing, one of the segments analyzed in the report, is projected to record 30% CAGR and reach US$55.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Energy & Utilities segment is readjusted to a revised 25.7% CAGR for the next 8-year period.

The U.S. Market is Estimated at $8.4 Billion, While China is Forecast to Grow at 31.1% CAGR

The Internet of Things (IoT) Analytics market in the U.S. is estimated at US$8.4 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$13.9 Billion by the year 2030 trailing a CAGR of 31.1% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 22% and 22.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 28.1% CAGR.

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of 'zero-Covid' policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to our digital archives and MarketGlass Research Platform
  • Complimentary updates for one year

Select Competitors (Total 65 Featured)-

  • Cisco Systems, Inc.
  • AT&T, Inc.
  • Accenture PLC
  • Amazon Web Services, Inc.
  • Capgemini SE
  • Bosch Group
  • Aeris Communications, Inc.
  • Cloudera, Inc.
  • Avanade, Inc.
  • Bosch Software Innovations GmbH
  • Agt International GmbH
  • Ayla Networks, Inc.
  • Altizon Systems Pvt., Ltd.
  • Arbela Technologies Corporation
  • Adapsense Technologies Inc.

Key Attributes:

Report AttributeDetails
No. of Pages484
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$24.8 Billion
Forecasted Market Value (USD) by 2030$166.5 Billion
Compound Annual Growth Rate26.9%
Regions CoveredGlobal

Key Topics Covered:




  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • The Age of Analytics Provides the Cornerstone for the Disruptive Growth & Proliferation of IoT Analytics
  • United States Dominates the Global Market, China to Drive Market Gains
  • Manufacturing, the Largest End-use Industry
  • Internet of Things (IoT) Analytics - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)



  • Growing IoT Ecosystem, the Cornerstone for Growth in the Market
  • Why IoT Investments Are Hot?
  • Analytics and Data Science for IoT Takes a Quantum Leap Against the Backdrop of the Rapidly Expanding IoT Ecosystem
  • As Connecting With IoT Becomes Vital to Digital Survival & Transformation, Analytics Emerges as the Backbone for IoT Value Creation
  • Deluge of IoT Big Data, a Fallout of the Growing IoT Ecosystem, Amplifies the Importance & Value of Analytics
  • The Pressure on Delivering ROI on IoT Investments Intensifies
  • Explosion of IoT Big Data Catalyzes the Need for Analytics for Insight Generation Needed for Informed Decision-Making & Value Creation
  • Growing IoT Connected Devices Per Capita Opens the Data Pipe for Free Flow of Big Data
  • Extracting Insights from Data Holds the Key to Higher Profitability & ROI on IoT Investments & This is Where Analytics Steps-In
  • Analytics Receives New Significance as IoT Ecosystems Evolve & Data Growth Spirals, Making Aggregation & Analysis Buzzwords for IoT Success & Value Creation
  • Asset Management & Maintenance to Bring in Huge Revenue Opportunities for Predictive & Prescriptive IoT Analytics
  • Robust Global Opportunity in Enterprise Asset Management Strengthens the Business Case for IoT Asset Management
  • Cloud-Based Solutions, the Preferred Deployment Model for IoT Analytics
  • Hybrid IoT Analytics: Combining the Best of Cloud-based IoT Analytics and Analytics at the Edge
  • As Cloud Emerges to be Future of All Enterprise IT Deployments, IoT Analytics as a Cloud Service Will Become a Mainstream Service Innovation in the Coming Years
  • Rise of Smart Cities & Focus on Smart Energy Management Opens Up Opportunities for IoT Analytics
  • Proliferation of Smart Meters Expands the Role of IoT & Analytics for Smart Meter Data Visualization: Global Smart Meter Cumulative Installations (In Million Units) for the Years 2018, 2020, 2022 and 2024
  • Global Smart Meter Annual Spending (In US$ Billion) for the Years 2017, 2019, and 2021
  • Growing Deployment of IoT in Retail & eCommerce Industry Drives the Need for IoT Analytics
  • While Focus on Improved Purchase Experience Drives Use of IoT in the Retail Industry, Need for ROI Conversions on Investments Expands Opportunity for Analytics
  • With Innovation & Efficiency Becoming Vital to Manufacturing Success, IoT & Analytics Become Critical in Value Creation
  • Growing Investments in IoT by Manufacturing Firms Turns the Focus on Making IoT Deliver Business Value Via Analytics
  • Rising Connected Car Trend Drives Applications of IoT & Analytics in the Automotive Industry
  • With IoT Playing a Key Role in Enabling the Connected Car Revolution, Leveraging Data Created by IoT Systems Becomes Crucial for Auto OEMs to Generate Serious ROI: Data Generated by Connected Cars Per Hour, Per Year and Per Sensor Type
  • With Growing Number of Transportation Companies Leveraging IoT for Smart Fleet Management, IoT Analytics Takes Center Stage
  • Increased Spending on Smart Fleet Management Turns Up the Pressure to Accelerate Return on Investment (ROI) from IoT initiatives
  • Predictive Analytics for IoT Remains Widely Popular in Machine & Equipment Maintenance
  • Prescriptive Analytics to Witness Higher Adoption in the Long-Term Supported by Added Decision-Support Benefits
  • Sensor Data Analytics Remains Critical in Monitoring IoT Devices
  • Robust Shipments of IoT Sensors Evidenced by the Large IoT Sensor Market Highlights the Need for On-the-Fly Analysis of Rapidly Moving Big Data Across Sensor Networks
  • Migration to Value Based Care & the Ensuing Adoption of IoT to Open Up New Growth Avenues for IoT Analytics in the Healthcare Industry
  • The Present and the Future Prospects of IoT in Healthcare
  • Penetration of IoT in Myriad Areas of Healthcare Expands the Addressable Market Opportunity for IoT Analytics




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Global Market for Internet of Things (IoT) Analytics

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